Foundations Investment Advisors LLC cut its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,944 shares of the company’s stock after selling 5,561 shares during the quarter. Foundations Investment Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,297,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $26,000. Wayfinding Financial LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $36,000. Tsfg LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 267.4% during the first quarter. Tsfg LLC now owns 992 shares of the company’s stock valued at $39,000 after buying an additional 722 shares during the period. Elite Financial Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $45,000. Finally, Bernard Wealth Management Corp. purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $50,000.
SPDR Portfolio Emerging Markets ETF Stock Up 0.1%
Shares of SPEM stock opened at $43.58 on Wednesday. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 15.39 and a beta of 0.68. The company’s 50 day moving average is $42.48 and its 200 day moving average is $40.32. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $44.22.
SPDR Portfolio Emerging Markets ETF Company Profile
The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.
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